Plan Details

Eligibility

ATB Financial Customers and their Spouses aged 20 through 74 are eligible for insurance under this plan.

Available plans

An ATB Customer may purchase Accidental Death Insurance on a Customer Only or Customer and Spouse Plan basis with a choice of $25,000, $50,000, or $100,000 in coverage*:

Choose your plan and monthly premium:

	$25,000	$50,000	$100,000
ATB Customer Only	$2.95/mo.	$5.90/mo.	$11.80/mo.
ATB Customer & Spouse	$4.43/mo.	$8.85/mo.	$17.70/mo.

The amount of insurance paid depends upon your age at death. The full amount will be paid if you are under age 75. Coverage reduces by 50% upon reaching age 75.

*Benefit Limitation
Note: If you are currently insured under any ATB Accidental Death Insurance Plan the maximum amount of coverage available to both you and your spouse is $300,000.

Accidental Death Benefit

Benefits are paid if death resulting from an accident occurs within 365 days of the date of the accident, provided the accident occurs while the coverage is in force.

Special Extra Benefit

An additional $50,000 benefit will be paid for death resulting from an accident while travelling anywhere in the world as a fare-paying passenger on a regularly scheduled airline.

Beneficiary

You may name any beneficiary or beneficiaries you choose. If you purchase coverage for your spouse, you are automatically your spouse’s beneficiary.

Renewability

Your coverage is automatically renewable to age 80, at which time the coverage terminates. As long as your premiums are paid when due, and you remain an ATB Financial Customer, your coverage cannot be cancelled by IAP unless the Master Group Policy is terminated.

Exclusions

Accidental Death benefits will not be payable when death occurs as a result of any of the following:

• a) Suicide or attempted suicide while sane or insane;
• b) Intentional self-inflicted injury while sane or insane;
• c) An injury sustained while under the influence of alcohol or of any drug voluntarily taken and
      not prescribed by a licensed physician;
• d) Travel in an aircraft other than as a fare-paying passenger on a regularly scheduled airline;
• e) Insurrection or war, whether war be declared or not, or participation in any riot or civil disorder;
• f) Service as a combatant or non-combatant in the military, naval or air force of any country;
• g) Voluntary inhalation of gas; or
• h) Sickness, either mental or physical.

Coverage start and end dates

Your coverage begins on the first day of the month coincident with or following the date your application is received by IAP, provided your first month's premium has been received by IAP. A Certificate of Insurance and Insurance Benefits Summary will then be sent to you for your 30-day review and acceptance.

An insured person's insurance will terminate immediately on the earliest of the following dates:

• a) The termination date of the Policy;
• b) The due date of any unpaid premiums if the insured Customer fails to pay the required premium
       within the Grace Period;
• c) The date an insured Customer reaches 80 years of age;
• d) The date of the death of an insured Customer;
• e) The date an insured Customer ceases to be a “Customer” of ATB Financial;
• f) The date that IAP receives written notice from the insured Customer requesting cancellation of all or
     part of the insurance;
• g) With respect to an insured Spouse, the earliest of the above, the date an insured Spouse reaches
      age 80, or the date an insured Spouse no longer qualifies as a “Spouse”.

How do I make a Claim?

Before paying any benefit, a claim form needs to be completed and sent to IAP’s Head Office. Please call IAP toll-free at 1-800-266-5667 (7:30am to 5:30pm MST) or email group@iapacific.com to obtain appropriate forms and for details on claims and procedures.